All scheme funding articles – Page 30
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NewsKingfisher nears surplus following sponsor property deal
Kingfisher Pension Scheme has revealed that a funding deal with its sponsor, which sees it draw from income-generating properties, has pushed its funding level close to 100 per cent.
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Opinion
PPF: Why our approach is not just about assets and liabilities
The evolution of the Pension Protection Fund’s investment strategy has not just been about where best to invest the fund’s growing assets to meet its commitments to members.
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OpinionEditorial: You're right from your side
One in seven trustees doesn't sound like a lot. But when you think that could be one person on every pension scheme board, the proportion starts to feel a bit more tangible.
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FeaturesSiemens shrinks deficit with asset-backed funding deal
Engineering and electronics company Siemens has set up a Scottish limited partnership for its UK defined benefit scheme to provide additional security for members, shutting a large part of its deficit and stabilising the company’s cash flow.
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News
Revised DB code emphasises integrated risk management
The Pensions Regulator this week released a new code of practice for defined benefit schemes, focusing on trustees and employers working collaboratively on scheme funding.
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Opinion
Regulator unveils long-awaited DB code of practice
The Pensions Regulator has today released a defined benefit code of practice that emphasises the importance of trustees and employers working together as a big happy family.
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Opinion
NAPF: A pathway to meet today's funding challenges
Recent years have seen funding challenges climb further up the pension scheme agenda.
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News
University calls for greater employer control within LGPS
The University of East London has called for a greater say in the running of the Barking & Dagenham Pension Fund, as it says funding the scheme has become a growing financial burden.
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News
Shell introduces reserve account to prevent contribution volatility
The Shell Contributory Pension Fund has created a contribution reserve account to prevent a trapped surplus as it exceeds full funding.
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News
Is Shell's bid to avoid trapped surplus a contribution holiday 2.0?
The around £13bn Shell Contributory Pension Fund has revealed changes to the way the company will make contributions to the scheme.
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News
Employers turn to reservoir trusts to capture funding gains
Employers are increasingly using reservoir trusts to increase the funding and security of defined benefit schemes, in a desire for less complicated asset-backed structures in light of recent regulatory scrutiny.
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News
Essex sees funding boost as it reduces gilt reliance
Essex Pension Fund has seen a 9 percentage-point jump in its funding level partly due to a change in how it calculates liabilities, as schemes shift towards valuation methods that avoid relying on historically low gilt yields.
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News
Lafarge trustees seek merger assurances to protect members
The trustee board of Lafarge’s UK pension fund has begun discussions with its sponsor to ensure members would be protected under its proposed $40bn (£23.8bn) merger with Holcim to form a global cement maker giant.
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News
University funds running equity risk as holdings rise
University pension schemes have seen their equity holdings increase as a proportion of their portfolio, a survey of self-administered trusts in the sector has revealed, sparking debate among experts about their exposure to market volatility.
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Opinion
NAPF: Top of the DB regulatory agenda
Earlier this year, four in five respondents (81 per cent) to NAPF member research agreed they expect the volume of regulatory change to affect pension schemes’ capacity and ability to provide optimum services to scheme members.
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OpinionEditorial: Care for a slice?
There has been a "resurgence of activity" in the pension increase exchange market, we read this week. Is that a good thing for members?
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News
Isle of Wight bolsters governance ahead of LGPS reform
Isle of Wight Pension Fund has identified areas ripe for improvement in its governance, including more frequent funding monitoring, as local government schemes brace for next year's reforms to the sector.
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Opinion
Using the flexibility in the scheme funding regime
Defined benefit pension schemes have a very specific problem to solve: delivering benefits securely at an affordable cost to the pension scheme sponsor.
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Opinion
Top five challenges facing DB schemes
The NAPF’s 2013 annual survey showed 12 per cent of private sector defined benefit schemes remained open to new members.
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News
Thales commits £1.6bn to scheme after funding drop
Thales UK pension scheme has enhanced its recovery plan following a deterioration of its funding position due to low interest rates.